The Kuwait Capital Markets Authority published a Disciplinary Board resolution imposing a financial penalty on Real Estate Trading Centers Company for breaching disclosure and transparency requirements, after it used promotional phrases and forward-looking expectations that were not based on an objective basis in a market disclosure. The breach relates to Clauses (4) and (5) of Article (4-6-3) of Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. 7 of 2010 and its amendments. The Authority found that, in a disclosure to Boursa Kuwait Securities dated 9 July 2025 on the outcome of a board meeting considering a proposed partnership agreement, the company included statements such as brand strength increasing property values by 60% and project income by at least 50%, alongside claims about attracting foreign tenants and obtaining easy financing terms. The penalty imposed was KD 5,000.
Kuwait Capital Markets Authority imposes KD 5,000 penalty on Real Estate Trading Centers Company for disclosure and transparency breach
The Kuwait Capital Markets Authority imposed a KD 5,000 penalty on Real Estate Trading Centers Company for breaching disclosure and transparency requirements. The company used promotional phrases and forward-looking expectations without an objective basis in a market disclosure to Boursa Kuwait Securities. The breach involved Clauses (4) and (5) of Article (4-6-3) of Module Ten of the Executive Bylaws of Law No. 7 of 2010.